Modern Supply Chain Vulnerabilities
The global economic cost of counterfeiting predicted by the International Chamber of Commerce by 2022, with additional 2-4 million jobs lost per year.
Want to know where their food comes from, according to the Global Consumer Food Safety and Quality Research by Trace One.
Dying every year due to counterfeit medicine for pneumonia and malaria alone, according to World Health Organisation and Reuters
Ambrosus’s robust offering of developer tools and modules that empower community members to build dApps, extensions and protocol upgrades for a variety of supply chain environments. Interoperability with other Ethereum-based protocols ensures seamless integration and functionality of Ambrosus dApps.
According to the Food and Agriculture Organization of the United Nations, approximately 15% of perishable food loss at grocery retailers is due to spoilage. Additionally, the loss of fruits and vegetables can range as high as 35 % during the transport phase. A study published in the Foods journal estimates that food safety incidents cost the U.S. economy alone $7 billion a year, stemming from product recalls, notifying customers and lawsuits.
Ten percent of the world’s prescription drugs are counterfeit, and are responsible for one million deaths per year, according to Interpol. The World Customs Organization estimates that the counterfeit drug market is worth $220 billion. According to the World Health Organization, counterfeit pneumonia and malaria medicines alone cause 200,000 deaths every year.
Traditionally, manufacturers of high-value items like aviation and electronics parts, along with short-run valuables like precious stones and jewelry, use serial numbers, barcodes or holographic stickers to trace their products. But serial numbers and barcodes can be damaged, and stickers can be tampered with or counterfeit.
A 2013 Boston Consulting Group study found, 90 percent of executives view commodity hedging as a key competitive advantage, but less than a third believe they are implementing best-in-class hedging practices. Depending on the commodity type and the industry it serves, different risk factors arise, but measuring performance and applying this data to improve operations consistently ranks as a top supply chain challenge.
Track and Trace
Supply Chain Audits
Product Feedback and Loyalty
Sensor Data Analytics
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